← DOL Federal Register rules

Amendment to Interpretive Bulletin 95-1

retirement-erisa · Employee Benefits Security Administration · Published 2007-09-12 · Effective 2007-11-13 · 72 FR 52004

Document

Document number
E7-17744
Federal Register citation
72 FR 52004
CFR reference
29 CFR 2509
Type
Rule
Action
Interim final rule.
Category
retirement-erisa
Sub-agency
Employee Benefits Security Administration
Publication date
2007-09-12
Effective date
2007-11-13

Abstract

This document contains an interim final rule that amends Interpretive Bulletin 95-1 to limit the application of the Bulletin to the selection of annuity providers for defined benefit plans. This interim final rule implements section 625 of the Pension Protection Act of 2006. Also appearing in today's Federal Register is a proposed regulation, entitled "Selection of Annuity Providers for Individual Account Plans", which, in the form of a safe harbor, provides guidance concerning the fiduciary considerations attendant to the selection of annuity providers and contracts for purposes of benefit distributions from individual account plans. The amendment to Interpretive Bulletin 95-1, as well as the proposed safe harbor for annuity selections, will affect plan sponsors and fiduciaries of individual account plans, and the participants and beneficiaries covered by such plans.

Source

Authoritative
Federal Register document
Machine
JSON-LD · Markdown